WILLIAM FORSTER LEHIGH UNIVERSITY 621 TAYLOR STREET BETHLEHEM, PA

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1 WILLIAM FORSTER LEHIGH UNIVERSITY 621 TAYLOR STREET BETHLEHEM, PA EDUCATION University of Virginia, Darden School of Business, Charlottesville, VA 2009 PhD Business Administration: Entrepreneurship, Strategy, and Business Ethics University of Colorado, Colorado Springs, CO 2003 Master of Business Administration, Technology Management and Finance Air Force Institute of Technology, Dayton, OH 1997 Master of Science, Cost Analysis United States Air Force Academy, Colorado Springs, CO 1995 Bachelor of Science, Management ACADEMIC APPOINTMENTS Lehigh University, College of Business and Economics, Bethlehem, PA Assistant Professor of Management 2009-Present United States Air Force Academy, Management Department, Colorado Springs, CO Instructor of Management HONORS, AWARDS, AND GRANTS Best Conceptual Paper Award, Academy of Management Entrepreneurship Division 2013 Primary Investigator, Kauffman Firm Survey Qualitative Study year, $175,500 data collection and research grant Promising Paper Award, Kauffman Foundation 2011 Entrepreneurship Research Exemplar, Academy of Management Entrepreneurship Division 2009 Dissertation Grant, Kauffman Foundation & National Opinion Research Center 2008 Founders Award for Emerging Scholars in Business Ethics, Society for Business Ethics 2007 PhD Fellowship, United States Air Force James R. Woody Outstanding Educator Award (Upper Level), USAF Academy 2005 EDITORIAL ACTIVITIES Editorial Review Board, Academy of Management Review Selected by Roy Suddaby Editor Selected by Bella Rose Ragins Editor Present JOURNAL PUBLICATIONS Pollack, J.M., Forster, W.R., Johnson, P.D., A. Coy, & Molden, D. A Promotion- and Prevention- Focused Networking and its Consequences for Entrepreneurial Success. Social Psychological and Personality Science, 6(1): *Lead article

2 Venkataraman, S., Sarasvathy, S.D., Dew, N. & Forster, W.R Dialogue: Of Narratives and Artifacts. Academy of Management Review, 38(1): Brown, J.A. & Forster, W. R CSR and Stakeholder Theory: A Tale of Adam Smith. Journal of Business Ethics, 112(2) Venkataraman, S., Sarasvathy, S.D., Dew, N. & Forster, W.R Reflections on the 2010 AMR decade award: Whither the promise? Moving forward with entrepreneurship as a science of the artificial. Academy of Management Review, 37(1) Hayward, M. L., Forster, W.R., Sarasvathy, S.D., & Fredrickson B. L Beyond Hubris: How Highly Confident Entrepreneurs Rebound to Venture Again. Journal of Business Venturing, 25(6) *Selected by the Academy of Management s Entrepreneurship Division as a 2009 research exemplar paper. Ferrante, C. J., Green, S. J. & Forster, W. R Getting More out of Team Projects: Incentivizing Leadership to Enhance Performance. Journal of Management Education, 30(6) BOOK CHAPTER Sarasvathy, S.D., Ramesh, A. & Forster, W.R The Ordinary Entrepreneur. In F. Welter & T. Baker (Eds.), The Routledge Companion to Entrepreneurship: Routledge Press. REFEREED CONFERENCE BEST PAPER PROCEEDINGS Sarasvathy, S.D., Forster, W.R. & Ramesh, A From Goldilocks to Gump: A Research Agenda for Entrepreneurial Mechanisms Design. Academy of Management Best Paper Proceedings. Forster, W.R. & Jansen K.J Co-Creating New Ventures: Attraction, Search, and Uncertainty in Founding Partnership Formation. Frontiers of Entrepreneurship Research, Vol. 30, Iss. 10, Article 2. (best paper proceedings for the Babson College Entrepreneurship Research Conference) CONFERENCE PROCEEDINGS Forster, W.R Partnerships and Performance: A Mixed-Methods, Longitudinal Study of Founding Partnerships Effects on New Venture Performance (summary). Frontiers of Entrepreneurship Research, 32(10). Forster, W. R. & Hess, E. D The Penrose Effect and new venture growth (interactive paper), Frontiers of Entrepreneurship Research, 32(10). Forster, W.R. & York, J.G When the Second Person Enters the Scene: Intersubjective Knowledge and Perceived Environmental Uncertainty (summary). Frontiers of Entrepreneurship Research, 31(4). Mauer, R., Smit, W., Forster W.R., & York, J.G Curry in a Hurry? A Longitudinal Study on Effectual Performance by Nascent Entrepreneurs (summary). Frontiers of Entrepreneurship Research, 30(6). Forster, W.R., Küchle, G.& Sarasvathy, S.D Crossing the Valley of Despondence: The Role of Confidence in Building Entrepreneurial Competence. Proceedings of the Southern Management Association Annual Meeting. Forster, W.R The Enduring Partnership (summary). Frontiers of Entrepreneurship Research, 28(11). Forster, W.R. & York, J.G The Effects of Effectual Logic: Nascent Entrepreneurial Performance and Effectuation (summary). Frontiers of Entrepreneurship Research, 28(10).

3 MANUSCRIPTS UNDER REVIEW *Smit, W., Mauer, R. Forster, W.R., & York, J. Speed to Venture - The Temporal Dynamics of Non- Predictive Strategy in New Firm Creation. Strategic Management Journal (revise & re-submit). *Equal authorship Cardon, M., Post, C.A., & Forster, W.R. Passion Diversity in Entrepreneurial Teams. Academy of Management Review (revise & re-submit). Forster, W.R., Küechle, G. & Sarasvathy, S.D. Crossing the Valley of Despondence: How Competence, Confidence and Learning Interact to Foster Habitual Entrepreneurship. Research Policy. Sarasvathy, S.D., Forster, W.R. & Ramesh, A. From Goldilocks to Gump: A research agenda for entrepreneurial mechanisms design. Journal of Management Studies WORKING PAPERS Forster, W.R. & Pollack, J.M. The Impact of Spousal Teammates on Entrepreneurial Persistence and New Venture Creation. Business Horizons (preparing for resubmittal after a reject & resubmit). Forster, W.R. The Antecedents of Founding Partnerships: A Tale of Co-Founder Perceptions and Interactions. (preparing for submission to the Journal of Business Venturing). Forster, W.R., Brown, J.A., and Wicks, A. The Social Entrepreneur, Value Creation and Sustainability. (targeting the Journal of Management Studies). Zane, L.J. & Forster, W.R. What is an Opportunity Worth? Opportunity Value and the Decision to Venture. (targeting Entrepreneurship Theory and Practice). Forster, W.R. & York, J.G. Entrepreneurial Uncertainty as a 3-Legged Stool. (targeting the Strategic Management Journal). Forster, W.R. Founding Partnerships Impact on New Venture Performance. (targeting the Journal of Management Studies). Forster, W.R., Mahony, D.M., & Brown, J.A. Calibrating Team Confidence: The Effect Of Individual Hubris On Founding Team Decision-making. (collecting additional data) DATA COLLECTIONS IN PROGRESS Co-Investigator Cohesiveness, Conflict, Confidence and Social Orientation as Factors for Firm Performance (with Brown, J.A., & Mahony, D.) Senior Research Advisor - The Open Ask Data Collection Project. Funded by a grant from the American Express Corporation. (with Sarasvathy, S. (PI), & Ramesh, A.) REFEREED CONFERENCE PRESENTATIONS Forster, W.R. & York, J.G Entrepreneurial Uncertainty as a 3-Legged Stool. Academy of Management Annual Meeting, Philadelphia, PA. Forster, W.R. & Pollack, J.M The Impact of Spousal Teammates on Entrepreneurial Persistence and New Venture Creation. Academy of Management Annual Meeting, Philadelphia, PA. Forster, W.R. & Ramesh, A From Goldilocks to Gump: A Research Agenda for Entrepreneurial Mechanisms Design. Academy of Management Annual Meeting, Orlando, FL. * Best Conceptual Paper Award, Entrepreneurship Division. * Selected for inclusion in the Best Paper Proceedings.

4 Vedula, S., Forster, W.R., Dinger, J., & Conger, M The impact of regional human capital and socio-cultural institutions on the functional composition of founding teams. Babson College Entrepreneurship Research Conference, Lyon, France. Forster, W.R., & York, J.G Entrepreneurial Action as a 3-Legged Stool: Uncertainty, Entrepreneurship and Intersubjective Knowledge. Strategic Management Society Annual Meeting, Prague, Czech Republic. Forster, W.R., Post, C.A., & Cardon, M Passion Diversity in Entrepreneurial Teams. Academy of Management Annual Meeting, Boston, MA. Pollack, J.M., Forster, W.R., Johnson, P.D., & Molden, D A Psychological Perspective on Entrepreneurs Networking Behavior: Regulatory Focus as an Antecedent to Revenue Generation. Academy of Management Annual Meeting, Boston, MA. Forster, W.R Partnerships and Performance: A Mixed-Methods, Longitudinal Study of Founding Partnerships Effects on New Venture Performance. Babson College Entrepreneurship Research Conference, Fort Worth, TX. Forster, W.R. & Hess, E.D The Penrose Effect and New Venture Growth. Babson College Entrepreneurship Research Conference, Fort Worth, TX. Brown, J.A., & Forster, W.R Moral Legitimacy and Social Entrepreneurship. Annual Sustainability, Ethics, and Entrepreneurship Conference, Denver, CO. Forster, W.R Partners and Profits: A Hybrid, Longitudinal Study of Founding Partnerships Effects on New Firm Profitability. Fox School of Business/Kauffman Foundation Conference on Empirical Entrepreneurship, Philadelphia, PA. *KFS Promising Paper Award, Kauffman Foundation Forster, W.R. & York, J.G When the Second Person Enters the Scene: Intersubjective Knowledge and Perceived Environmental Uncertainty. Babson College Entrepreneurship Research Conference, Syracuse, NY. Brown, J.A. & Forster, W.R CSR and Stakeholder Theory: A Tale of Adam Smith. 17th Annual International Vincentian Business Ethics Conference, Chicago. Forster, W.R., Küchle, G.& Sarasvathy, S.D Crossing the Valley of Despondence: The Role of Confidence in Building Entrepreneurial Competence. Southern Management Association Annual Conference, St. Petersburg, FL. Zane, L.J. & Forster, W.R What is an Opportunity Worth? Opportunity Value and the Decision to Venture. Academy of Management Annual Meeting. Montreal. Forster, W.R. & Jansen K.J Co-creating New Ventures: Attraction, Search, And Uncertainty In Founding Partnership Formation. Babson College Entrepreneurship Research Conference, Lausanne, Switzerland. Mauer, R., Smit, W., Forster W.R., & York, J.G Curry in a Hurry? A Longitudinal Study on Effectual Performance by Nascent Entrepreneurs. Babson College Entrepreneurship Research Conference, Lausanne, Switzerland. Forster, W.R The Genesis of Entrepreneurial Founding Partnerships: Why do some Co-found? Strategic Management Society Annual Meeting, Washington D.C. Forster, W.R The Effects of Effectual Logic: Nascent Entrepreneurial Performance and Effectuation. Academy of Management Annual Meeting, Chicago.

5 Forster, W.R Co-Founding New Ventures: Founding Team Structure and Relationships in New Venture Creation. 5th Annual Symposium on the PSED, Greenville, SC. Forster, W. R. & Sarasvathy, S. D When Hubris is Good: An Error Based Theory of Entrepreneurial Overconfidence. Academy of Management Annual Meeting, Anaheim, Ca. *Nominated for the Academy of Management Entrepreneurship Division s IDEA Award Forster, W. R The Enduring Partnership. Babson College Entrepreneurship Research Conference, Chapel Hill, NC. Forster, W. R. & York, J. G Effectuation and Nascent Entrepreneurs: Evidence from the Panel Study of Entrepreneurial Dynamics. Babson College Entrepreneurship Research Conference, Chapel Hill, NC. Forster, W. R. & Sarasvathy, S.D When Hubris is Good: An Error Based Theory of Entrepreneurial Overconfidence. Danish Research Unit for Industrial Dynamics - Dynamics of Institution and Markets in Europe (DRUID-DIME) Conference, Aalborg, Denmark. Forster, W. R Adam Smith and the Limits of CSR. Society for Business Ethics Annual Meeting, Philadelphia, PA. Forster, W. R. & York, J. G Effectuation and Nascent Entrepreneurs: Evidence from the Panel Study of Entrepreneurial Dynamics. Kauffman Foundation Panel Study of Entrepreneurial Dynamics Conference, Charleston, SC. Forster, W. R Moral Legitimacy and the Social Entrepreneur. Business Ethics in a Global World: China, India and Beyond Conference, Markkula Center for Applied Ethics, Santa Clara University, Santa Clara, CA. Forster, W. R The Internet and Dewey s Great Community. Society for Business Ethics Annual Meeting, Atlanta, GA. INVITED CONFERENCE PRESENTATIONS & SERVICE Forster, W.R. & Righi, N Using Case and Simulation Based Teaching in a Distance Education "Classroom LIVE" Course Symposium on Teaching and Learning at Lehigh, Bethlehem, PA. Forster, W.R Partners and Profits: A Hybrid, Longitudinal Study of Founding Partnerships and New Firm Profitability. Kauffman Firm Survey Workshop, Montreal. Forster, W.R Founding Partnerships: A Research Agenda. Colloquium for Organizational Research Excellence. University of Virginia, Charlottesville, VA. Senior Research Mentor: 2012 Kauffman Firm Survey Research Conference, Kansas City, MO. Panelist: Publishing in Top Tier Management and Entrepreneurship Journals. Entrepreneurship Research Exemplars Conference, University of Connecticut, Storrs, CT. TEACHING EXPERIENCE Lehigh University Spring 2015 MBA 406, MBA Integrative Experience (MBA Strategic Management Capstone Class) MGT 301, Strategic Management in a Global Environment (Undergraduate Strategic Management Capstone Class) Student Evaluations

6 Fall 2014 GBEN 424, Entrepreneurship & Innovation: From Idea to Opportunity 4.9/5.0 MBA 406, MBA Integrative Experience 4.4/5.0 Spring 2014 MBA 406, MBA Integrative Experience 2 Sections 4.8/5.0 Fall 2013 GBEN 492, Entrepreneurship & Innovation: From Idea to Opportunity 4.9/5.0 MBA 406, MBA Integrative Experience 4.8/5.0 Spring 2013 MBA 406, MBA Integrative Experience 2 Sections 4.9/5.0 Fall 2012 GBEN 492, Entrepreneurship & Innovation: From Idea to Opportunity 5.0/5.0 MBA 406, MBA Integrative Experience 4.8/5.0 Spring 2012 MBA 406, MBA Integrative Experience 2 Sections 4.8/5.0 Fall 2011 GBEN 492, Entrepreneurship & Innovation: From Idea to Opportunity 4.8/5.0 MBA 406, MBA Integrative Experience 4.8/5.0 Spring 2011 MBA 406, MBA Integrative Experience - 2 sections 4.7/5.0 Fall 2010 MBA 406, MBA Integrative Experience 4.5/5.0 MGT 301, Business Management Policies 4.8/5.0 (Undergraduate Strategic Management Capstone Class) Spring 2010 MGT 301, Business Management Policies - 3 sections 4.7/5.0 MGT 300, Apprentice Teaching Fall 2009 MGT 301, Business Management Policies 4.9/5.0 United States Air Force Academy Spring 2005 MGT 472, Strategic Management - 4 sections 5.7/6.0 * James R. Woody Outstanding Educator Award (Upper Level) Fall 2004 MGT 341, Financial Accounting - 4 sections 5.8/6.0 Course Director: 3 Instructors & 173 Students Spring 2004 MGT 342, Managerial Accounting - 3 sections 5.6/6.0 Fall 2003 MGT 341, Financial Accounting - 3 sections 5.6/6.0 SERVICE TO THE PROFESSION Grant Reviewer, National Science Foundation

7 Committee Member Research Committee, Academy of Management Entrepreneurship Division Dissertation Committee Member Kip Kiefer, Ph.D. in Entrepreneurship and Strategy, University of Colorado Predicting and Examining the Links Between IPO Hype, Managerial Expectations and Firm Outcomes Matt Saboe, Ph.D. in Economics, Lehigh University Entrepreneurship across space: Do Cities Affect the Emergence, Survival, and Capital Acquisition of Entrepreneurs? Advisory Board Sustainability, Ethics and Entrepreneurship (SEE) Annual International Conference Founding Scholar Entrepreneurship Research Society Ad Hoc Reviewer Journal of Business Venturing, Organization Science, Strategic Entrepreneurship Journal, Entrepreneurship Theory and Practice, Journal of Small Business Management, Canadian Journal of Administrative Sciences, Innovation: Management, Policy & Practice Academic Conference Service Reviewer, Academy of Management Annual Conference, Strategic Management Society Annual Conference, Southern Management Association Annual Conference Session Chair/Discussant, Academy of Management Annual Meeting, Babson Entrepreneurship Research Conference, Society for Business Ethics Annual Conference, Southern Management Society Annual Conference SERVICE TO LEHIGH UNIVERSITY Director Lehigh Undergraduate Entrepreneurship Programs (2014-Present) Committee Chair Lehigh University Entrepreneurship Curriculum Committee (Interim: Spring 2015) Faculty Search Committee Assistant/Associate Professor of Strategic Management (2013) Board Member Internal Advisory Board - Baker Institute for Entrepreneurship, Creativity and Innovation (2009-Present) Lehigh University Committee Membership Lehigh Entrepreneurship Curriculum Committee ( ) Lehigh Entrepreneurship Leadership Council (2009-present) Faculty Search Committee Assistant Professor of Management (2010) Faculty Search Committee Professors of Practice in Entrepreneurship (2011, 2014) Faculty Advisor Integrated Product Development Program (2010) MBA Case Competition Team (2010)

8 PROFESSIONAL EXPERIENCE Instructor and Executive Officer Jul 2003 Jul 2005 Department of Management, US Air Force Academy Colorado Springs, CO Taught undergraduate strategic management and accounting courses. Served as a strategic planning and technology development consultant to various governmental organizations including the CIA. Program Manager, NORAD Mobile Command Center Aug 2002 Jul 2003 Strategic and Nuclear Deterrence Command & Control Program Office Peterson AFB, CO Responsible for a 22 person team and an $11M annual budget. Led the development, testing, and implementation of new technology for the US Northern Command s mobile command centers program. Chief of Financial Management, NORAD Modernization Program Sep 2000 Aug 2002 Strategic and Nuclear Deterrence Command & Control Program Office Peterson AFB, CO Managed an 11 person finance and accounting team responsible for annual budgets in excess of $100M. Authored program plans for next generation weapons and communication systems. Chief of Cost Analysis, Radar Technology Program Oct 1997 Aug 2000 Joint STARS Systems Program Office Hanscom AFB, MA Managed a 6 person team and a $200M technology development budget. Led the development of a $2B cost estimate and financial plan for the Air Force s most advanced family of radars. Financial Analyst Jun 1995 May th Air Base Wing, USAF Academy Colorado Springs, CO